Six Billion Dollar Bet

May 22, 2012

FRONTLINE investigates MF Global’s disastrous bet on European debt. 

(21:07) Jon Corzine, MF Global and the disastrous gamble that brought down a company.
THE LATEST

New Insight into MF Global’s Frenzied Final Days

Emails and phone transcripts cited in the CFTC’s complaint against former MF Global head Jon Corzine provide new insight into how more than $1 billion in customer money went missing.

House GOP Faults Corzine, Regulators for MF Global Collapse

House Republicans have released a scathing postmortem of the collapse of MF Global, blaming the leadership of Chief Executive Jon Corzine and a breakdown in regulatory oversight for the brokerage’s 2011 bankruptcy.

MF Global Fund Transfer Evaded Regulators, Trustee Says

When regulators began to grow nervous last summer about MF Global’s $6 billion bet on European debt, they told the … Continue reading

MF Global Trustee Hints At Negligence Suit Against Jon Corzine

Jon Corzine and other former executives of MF Global Holdings Ltd. could face claims for negligence and breach of fiduciary … Continue reading

Live Chat 3 p.m. ET: What Really Happened at MF Global?

Join Six Billion Dollar Bet producer Martin Smith for a live chat featuring guest questioner Aaron Lucchetti from The Wall St Journal. You can leave a question now.

What Happened to MF Global’s Customer’s Money?

Seven months since MF Global filed for bankruptcy, here is what is known about the brokerage firm’s customers and what happened to $1.6 billion worth of their missing money.

Five Risky Bets that Paid Off

As the markets reveled in JP Morgan’s $2 billion loss, and scrambled to understand the $6 billion wipe-out at MF Global, observers asked why, in the wake of the economic meltdown, anyone would take such extreme risks. The answer, of course, is that sometimes those gambles pay off.

Rich Ilczyszyn: Inside MF Global During Its Collapse

A former trader discusses those scary final days in late October 2011, and what it was like to learn that customer money was missing. “They were saying it was $500 million; then it was a billion,” he tells FRONTLINE. “It was just unbelievable. It was like a movie.”

How Corzine Steered Regulators To Protect MF Global Strategy

When Jon Corzine took the reins of MF Global in 2010, the Wall Street brokerage was a deeply troubled firm. … Continue reading

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